Massachusetts real estate agents describe a competitive market
Homes are expected to sell quickly, although market inventory is still low, says the head of Mass. Association of Realtors
Updated June 24, 2022 8:00 PM EDT
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FOR YOUR DREAM HOUSE. THE JOURNEY TO PURCHASE IN THIS HOUSE. YOU WANT THE LONG STORY WHEN SIGAMON COMMUNITY COLLEGE PROFESSOR. KRISTI. GLOVER DID NOT REQUIRE MUCH IN A NEW HOME A SHORT DRIVE TO THEIR WORCESTER CAMPUS AND THE RIGHT FLOOR PLAN FOR THEIR FAMILY. I WANTED SOMETHING SMALLER. THIS WAS MORE MONITORABLE FOR ME AND MY CHILDREN BUT IT TAKES A LOT TO FINALLY REACH THE HOME OF THEIR DREAMS. I walked up Southbridge Auburn Clinton Millbury Holden. OH MINSTER THERE ARE MANY TIMES I FEEL I JUST CRY A BIT, ESPECIALLY WHEN THEY FALL IN LOVE WITH THE HOUSE AND HOW THIS HOUSE IS SO PERFECT FOR ME, REALTORS SAY GLOVER IS NOT ALONE ON THIS JOURNEY. WE HAVE MORE DEMAND FOR APARTMENTS IN MASSACHUSETTS. THEN WE DELIVERED TO FILL DONRUFFINI IS THE 2022 PRESIDENT OF THE MASSACHUSETTS ASSOCIATION OF REALTORS. SO WHERE ARE THE HOT SPOTS AND WHERE DO PEOPLE LOVE TO GET IT EVERYWHERE IT HAS A HOME? I MEAN ABOUT THE HONEST ANSWER EVERYWHERE A HOUSE WILL BE HOME INVENTORY SHOWS DOWN DATA FROM THE REALTORS GROUP. AT THE END OF FEBRUARY 2020 THERE WERE ABOUT 10,000 HOUSES ON THE MARKET, THIS NUMBER WAS DOWN IN 2021 AND AGAIN IN 2022 LESS OFFERS TODAY BUT THE SALES ARE REBIG INVENTORY AND WHEN YOU HAVE MORE BUYERS THAN HOUSES ON THE MARKET IT FEEL LIKE THERE IS NOTHING TO ADDRESS TO BUY. DUBAI HELPS PUSH HOUSE PRICES HIGHER FROM FEBRUARY 2022 THE AVERAGE PRICE FOR A SINGLE-FAMILY HOUSE IN MASSACHUSETTS YEAR TO DATE WAS US$510,000 US$45,000 MORE THAN SAME YEAR 2021 FOR RESIDENCES. MEDIUM PRICE IS $450,000 FROM $25,000 SINCE A YEAR AGO, RUFFINI SAYS POTENTIAL BUYERS WITH HOMES GOING ABOVE PRICE MUST BE PREPARED. THE FIRST OFFER YOU MAY MAY BE THE ONLY OFFER YOU CAN MAKE FOR A HOUSE. SO YOU MUST HAVE EMOTIONALLY GUARDED YOURSELF TO ENSURE YOU DON’T BUY EMOTIONALLY. TO GET A DEAL FOR THE MARKET. WE’RE ASKING AGENTS IN THREE COMMUNITIES TO SHOW US SOME PROPERTIES IN BROOKLINE. THIS TWO BEDROOM, TWO BATH CONDO ON LONGWOOD AVENUE WAS LISTED FOR MORE THAN A MILLION DOLLARS IN MARCH, HIGHER THAN THE AVERAGE APARTMENT PRICE. THIS IS AN EXCELLENT LOCATION IN COOLIDGE CORNER. THE KITCHEN IS JUST BY THE TREE AND LEADS INTO THE OPEN DINING AND LIVING AREA. REALTOR READER LOU SHOWS US AROUND. IT IS NICE BECAUSE THE BEDROOM AREAS ARE FROM THE COMMON AREA AND THERE IS LOTS OF STORAGE IN THE PRIMARY BEDROOM. HERE ARE VERY BIG PEOPLE. WE ARE COMFORTABLE. THIS OFFER HAS AN UNUSUAL BACKSTORY, THE SELLER HAS NO FAMILY AT THE TIME. SHE PASSED and therefore all proceeds from the sale actually go to charity. NOW THIS WEST NEWTON SINGLE FAMILY HOME HAS BEEN LISTED AT 829,000 LOWER THAN THE AVERAGE PRICE FOR SINGLE FAMILIES IN THAT CITY. BROKER MELANIE FLEET SHOWED US OUT. IT’S A PERFECT STARTER HOUSE. IT’S SMALLER BUT ENOUGH SPACE, YOU KNOW IT’S ALMOST 1,500 SQUARE METERS BELOW THE LIVING ROOM DINING ROOM AND AN UPDATED KITCHEN BASICALLY THEY HAVE REPAINTED THE CABINETS WHITE. THEY ADDED THESE BEAUTIFUL QUARTZ COUNTERTOPS IN THE UPPER FLOOR THREE BEDROOMS IN THE HOMES. A BATHROOM PLUS A WORKPLACE HIDDEN IN A LANDING PLACE AT THE TOP OF THE STAIRCASES. THIS IS QUITE A DREAM FOR SPRING AND SUMMER LIVING. SWEET GO TO WORCESTER TO VISIT A THREE BEDROOM, TWO AND ONE BATHROOM COLONIAL. 89,000 THIS IS THE OPEN CONCEPT REALTOR. Tim. MCCANN KNOWS THE AREA. Well the neighborhood we are in is Greater Hammond Heights. IT IS FULL OF HISTORICAL HOUSES. THIS HOUSE IS AN EXCEPTION. IT WAS BUILT 12 YEARS AGO ALTHOUGH IT WAS BUILT IN 2010. IT WAS LOTS OF ATTENTION TO DETAIL TO MAKE IT UP TO THE OTHER HISTORIC PROPERTIES HERE IN THE NEIGHBORHOOD ON THE SECOND FLOOR. IN ADDITION TO THE THREE BEDROOMS YOU WILL FIND AN OFFICE. NOW PEOPLE HAVE ABSOLUTELY NO PROBLEM LIVING FAR FROM THEIR OFFICE SPACE AND WORCESTER ALWAYS WINS UP FROM THIS IN THE END. NEW HOME. IT IS EXACTLY AS SHE OFFERED IN WORCESTER AFTER SEVERAL MONTHS IN PROBABLY SEVEN AT LEAST. I FINALLY ACCEPTED AN OFFER. IT IS ON MALDEN STREET, THE SAME STREET WHERE GLOVER FOUND THE FIRST HOUSE SHE BID ON. WE ARE AT HOME. AND YOU WILL NOT BE SURPRISED THAT ALL THREE HOUSES. SHAYNA SHOWS US WHEN THEY SIGNED UNDER CONTRACTS SHORTLY AFTER SHE INSPECTED THEM, EACH RECEIVED SEVERAL OFFERS AND FOR THIS WORCESTER HOME ALL OFFERS ARE ABOVE THE ASKED PRICE AND THEY HEARD THAT THE AVERAGE HOUSE PRICE IN MASSACHUSETTS LAST WINTER WAS 510,000. Well, that number has already grown to 560,000 the closer to Boston. YOU LOOK THE MORE YOU PAY THE AVERAGE APARTMENT PRICE.
Massachusetts real estate agents describe a competitive market
Homes are expected to sell quickly, although market inventory is still low, says the head of Mass. Association of Realtors
Updated June 24, 2022 8:00 PM EDT
Real estate agents expect the home sale market to be competitive in 2022. Dawn Ruffini, 2022 president of the Massachusetts Association of Realtors, said there are more buyers than sellers, meaning most homes don’t stay on the market very long. Data from the brokerage group shows that there were 10,057 homes on the market at the end of February 2020, compared to 2,349 in February 2022. To get a feel for the market, Chronicle visited homes in Brookline, Newton and Worcester with real estate agents.
Real estate agents expect the home sale market to be competitive in 2022. Dawn Ruffini, 2022 president of the Massachusetts Association of Realtors, said there are more buyers than sellers, meaning most homes don’t stay on the market very long. Data from the brokerage group shows that there were 10,057 homes on the market at the end of February 2020, compared to 2,349 in February 2022. To get a feel for the market, Chronicle visited homes in Brookline, Newton and Worcester with real estate agents.
